Cross-rates signals: EUR/JPY remains under pressure

Cross EUR/JPY continues to be under the pressure of a downtren despite an attempts to correct for optimism on stock markets. The driver of reducing for this pair is the preservation of geopolitical risks in the world and the technical picture, indicating the preservation of the downward dynamics.

The EUR/JPY pair remains under the pressure of downward dynamics despite an attempts of growth. Significant resistance is at the levels: 124.50 and 125.00, the upper limits of the downward channel. Deals for sale should be considered on fixing a pair below the zone 124.00-123.70. After that, the road to the support levels will open: 123.00 and 122.40.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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